2010 Victorian State Election Minerals Industry Policy Agenda

Introduction

The Minerals Council of Australia (MCA) is the peak industry association that represents the corporate minerals companies in Australia. The members of the MCA are engaged in mineral processing, mining, exploration, or the provision of services to the industry and account for more than 85 percent of mineral industry output in Australia. The MCA’s strategic objective is to advocate public policy and operational practice for a world-class industry that is safe, profitable, innovative, environmentally responsible and attuned to community needs and expectations.

The Victorian Division of the MCA represents the interests of members operating, exploring and providing services to the industry in Victoria. The MCA operates on a platform of national consistency and therefore considers that minerals operations in all jurisdiction should be subject to the same polices and legislative frameworks across the country.
Victoria’s minerals and petroleum sector accounts for about 2% of the Gross State Product (GSP)1. More specifically, the minerals industry in Victoria contributes about $1.5 billion pa to the Victorian economy. It directly employs about 5,000 people in regional and rural Victoria and a further 5,000 people in Melbourne head offices and service companies. Indirect employment in regional and rural Victoria is estimated to number an additional 10,000 people.

In 2009 the minerals industry invested almost $1 billion in capital works for new and expanding mines and a further $60 million in exploration. In addition, the industry paid $42 million in Royalties to the State.

Also in 2009 the minerals industry produced:

  • 68 Mt of lignite (brown coal) from 4 mines
  • 250 koz of gold from 4 significant mines and several very small mines
  • 100 kt of zircon and 80 kt of rutile from 2 mines

Further investment in the minerals industry in Victoria, is influenced by the identification of viable mineral resources, access to the land containing those mineral resources, financial resources, the support of the community, efficient and effective project approval processes, access to quality infrastructure, and the availability of a skilled workforce. The potential areas of growth include:

  • Clean coal products;
  • Base metals production;
  • Gold production;
  • Mineral sands (zircon, rutile and ilmenite) production; and
  • Cementing Melbourne as a global centre for minerals industry services.

 

Download complete article